BlockOps Mining · Updated October 15, 2026
Shutdown dates and terms below are as published by Binance on October 13, 2026. Hashprice, difficulty and hashrate figures are mid-October snapshots and will move. Revenue and fee examples are illustrative projections, not guarantees. Nothing here is financial or tax advice.
Key Takeaways
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Binance Pool shuts down on November 10, 2026, at 07:00 UTC. The closure also covers Pool Savings, Cloud Mining, the Transaction Accelerator and the pool API. After the cutoff, Binance disconnects miners and disables its Stratum endpoints.
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Shares submitted before the cutoff still count. Final rewards are paid after November 10, subject to compliance checks. Pool pages stay up until November 24 for records, then disappear permanently.
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This is the third pool exit of 2026. SBI Crypto Pool announced its wind-down in July, and Poolin filed for Chapter 11 later the same month. Your pool is a counterparty, and it can go away on a few weeks' notice.
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Picking the replacement pool is a margin decision, not a settings chore. On a 50-machine S21 XP fleet at a $40 hashprice, one percentage point of pool fee is worth about $1,971 a year.
Reconfiguring your fleet before November 10?
See current inventory and rates, or walk through hosting terms with the team while you're making changes anyway.
Rates as low as $0.07/kWh pass-through, curtailment capped at 120 hrs/yr, you keep title.
What exactly is Binance shutting down, and when?
Short answer
Everything with "Pool" in the name. Binance Pool, Pool Savings, Cloud Mining, the Transaction Accelerator, hashrate alerts and the mining API all end at 07:00 UTC on November 10, 2026. Any hashrate still pointed at Binance after that stops earning.
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Binance announced the closure on October 13 and gave no reason beyond an ongoing review of its products. That leaves miners 28 days to move. The pool launched in April 2020 on a full pay-per-share model, mined 22,188 blocks over six years, and was still the ninth-largest pool by hashrate at the time of the announcement. [3] [4]
There are four dates to put on the calendar, and the second and third are on the same day.
Now through November 10, 07:00 UTC. The pool runs normally. This is your window to repoint machines and redeem any Pool Savings positions.
November 10, 07:00 UTC. Connections drop and Stratum URLs go dead. Eligible shares submitted before this moment go into the final reward calculation.
November 10, 23:59 UTC. Deadline to finish identity verification and any other account steps so outstanding balances can be processed.
November 24, 07:00 UTC. Pool pages with historical data, account records and payout status go offline permanently. Download what you need for your books before then.
The record-keeping date is the one people forget. If you report mining income, your pool statements are part of the paper trail, and after November 24 Binance is no longer a place to go get them. [7]
Why are mining pools shutting down in 2026?
Binance is not the first to leave this year. Japan's SBI Holdings announced the wind-down of SBI Crypto Pool on July 2, and Poolin filed for Chapter 11 protection in the U.S. on July 22. Three exits in four months is a pattern worth noticing. [3]
The timing lines up with the hardest stretch of the cycle so far. Hashprice averaged $27.70 per PH per day in June, a record monthly low. It has since recovered to around $40, and miners collected $1.12 billion in September, the best month since January. But a pool that decides to exit makes that call on a long view of its business, not one good month. [5]
The pool business is thin. A pay-per-share pool pays you on expected value and absorbs the luck of finding blocks itself. When fee income is small relative to that variance, the economics get uncomfortable fast.
Exchange pools answer to a bigger company. For an exchange, a pool is one product line among many. It gets reviewed against everything else on the balance sheet, and it can be cut for reasons that have nothing to do with you.
The hashrate doesn't disappear. Network hashrate was around 1,035 EH/s on October 13. Binance's share will redistribute to other pools, not leave the network, so don't expect the shutdown alone to move difficulty.
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The practical lesson is simple. Treat your pool the way you treat your hosting provider: as a counterparty with its own risks, chosen on terms you understand, with a fallback already configured.
How do you choose a new mining pool without losing revenue?
Short answer
Compare payout method and fee first, then configure at least one backup pool on every machine. Do the switch this month, not the week of November 10, so you have time to confirm payouts are landing.
Start with the arithmetic. An S21 XP produces 270 TH/s, or 0.27 PH. At a $40 hashprice that is $10.80 a day in gross revenue per machine. At 3,645W and $0.07/kWh, power runs about $6.12 a day, leaving roughly $4.68. A 50-machine fleet is 13.5 PH and grosses about $540 a day. [5]
On that $540, a one-point difference in pool fee is $5.40 a day, or about $1,971 a year. A full day of downtime from a botched switch costs the same fleet about $234 in lost margin. Neither number is dramatic. Both are avoidable.
Payout method. FPPS pays a predictable amount for every share, including an estimate of transaction fees, and usually charges a higher fee for that certainty. PPLNS pays based on blocks the pool actually finds, so fees are lower but daily income swings. Pick the one your cash flow can live with.
Fee, all in. Ask for the fee on the payout method you'll actually use, and whether transaction fees are shared. A headline fee on one method doesn't tell you the fee on the other.
Backup pools. Most ASICs accept three pool entries. Put your new pool in slot one and a second, unrelated pool in slot two. If one goes down, or shuts down, the machine fails over instead of sitting idle.
Records and payout thresholds. Check how often the pool pays, the minimum payout, and how far back its statements go. You just learned what happens when a pool's history goes offline.
If your machines are hosted, confirm who makes the pool change, how fast it gets done, and whether any reboot time is logged against your uptime. Our hosting provider checklist covers the questions to ask, and hosting contract red flags covers the clauses that turn small operational changes into billable events.
BlockOps operates on transparent pass-through power pricing, a 120-hour annual curtailment cap, and 60-day written termination notice. Clients retain title to their equipment throughout.
Frequently Asked Questions
When does Binance Pool shut down?
November 10, 2026, at 07:00 UTC. That is 1:00 a.m. Central Time. The pool runs normally until then, and Binance starts dropping connections and disabling its Stratum endpoints at the cutoff.
Will I still get paid for mining done before the shutdown?
Eligible shares submitted before the cutoff are included in the final reward calculation. Remaining balances are processed after November 10, subject to Binance's product rules and compliance checks. Finish any required account steps by 23:59 UTC on November 10 to avoid delays.
What happens if my miners are still pointed at Binance Pool after November 10?
They stop earning. If you have a backup pool configured, the machine fails over to it. If you don't, it sits disconnected and produces nothing until someone repoints it.
Is Binance Cloud Mining shutting down too?
Yes. Cloud Mining, Pool Savings and the Transaction Accelerator all end on the same date. If you hold a Pool Savings position, redeem or unsubscribe before the cutoff.
How long can I access my Binance Pool payout history?
Until 07:00 UTC on November 24, 2026. After that the pages are permanently inaccessible. Export your statements now if you need them for tax reporting or reconciliation.
Will the Binance Pool shutdown change mining difficulty?
Not by itself. Difficulty tracks total network hashrate, and miners leaving Binance will mostly move to other pools rather than switch off. Any machines left disconnected after the cutoff would show up as a small, temporary dip.
One forced change is a good reason to audit the rest.
Open the marketplace for current inventory and rates, or get the team on a call.
Rates as low as $0.07/kWh pass-through, curtailment capped at 120 hrs/yr, you keep title.
